HSBC Trend Wave Program Recommends Long Gold To $1,500 An Ounce

Now is the time to gain long exposure to gold, the HSBC Trend Wave program is advocating. The multi-factor technical system is also recommending key currency pair trades as well particular stock sectors that look interesting.

HSBC Trend Wave system uses momentum indicators in conjunction with Elliott Wave technical analysis, says buy gold

There are numerous methods to use technical and algorithmic methods to evaluate markets. Sometimes a fund manager who develops a systematic approach has strategic reasons why a certain indicator is designed into a formula and other times the investment logic can be all mathematical without any economic corollary.

HSBC’s Head of Technical Analysis Murry Gunn, for...